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So yeah, I got burned 200 bucks while they laughed all the way to the bank

No, it's more like going to an all-you-can eat Chinese buffet, and getting a big bill for the eggrolls at the end of the night because the very fine print on the menu, which was taken away after you were seated, specifies that the eggrolls located on the buffet are not included as all-you-can-eat.

If they thought someone ate more than what they considered “reasonable” they would add a surcharge on to the bill

1. The all-you-can-eat offer applies only to items located on the buffet table. 2. Egg rolls are are specifically not provided on that buffet table. 3. You may not at any time bring in your own buffet table, especially for the purpose of making egg rolls available on it.

There was actually a Chinese buffet that made the news in my town for doing that

No, it's more like going to an all-you-can eat Chinese buffet, and getting a big bill for the eggrolls at the end of the night...

It was right there in fine print on the back of the menu. This was apparently the way they had been doing business for some time and it didn't seem to be hurting their business any (so much for “reputation” having any effect). The only reason it made the news was because they called the police and had a guy who wouldn't pay the surcharge arrested and his family had connections made a big stink about it.

“The only reason it made the news was because they called the police and had a guy who wouldn't pay the surcharge arrested and his family had connections made a big stink about it.”

Loan Apps Ripoff: Specialists raise issues about regulatory gaps being exploited

Five suicides within a week in Telangana presumably connected to harassment by app-based unlawful loan sharks and exorbitant moneylenders have actually raised issues about regulatory gaps being exploited by on line scamsters. Telangana Police is investigating significantly more than a dozen lending that is payday such as for example Loan Gram, Super money and Mint Cash.

An organisation that lends money into the public should be authorized because of the Reserve Bank of Asia (RBI), but ratings of loan Indiana check cashing installment loans providers in Asia run unlicensed through apps which can be effortlessly installed. A few of them connect up with banking institutions or NBFCs and behave as their outsourcing lovers for marketing and on-boarding clients.

“The issue comes whenever apps aren't transparent nor disclose the full information to clients. The shoppers ought to be up to date it is maybe not the software which can be financing but the lender or an NBFC. Any follow-up action that is assisted by people who operate the software for the bank or NBFC will even need to be in the banking norms,” said R Gandhi, previous Deputy Governor, RBI.

Stealing phone information

Unregulated lending that is payday provide effortless credit, often in just a matter of moments, from as low as 1,000 to at least one lakh. The attention prices vary between 18 % to an astonishing 50 percent. The online lenders capture user data as soon as the application is installed.